Tredje AP fonden Decreases Holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Tredje AP fonden reduced its position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,286 shares of the semiconductor company’s stock after selling 130 shares during the period. Tredje AP fonden’s holdings in Monolithic Power Systems were worth $6,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MPWR. Meiji Yasuda Asset Management Co Ltd. grew its position in Monolithic Power Systems by 62.3% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,868 shares of the semiconductor company’s stock valued at $1,535,000 after buying an additional 717 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Monolithic Power Systems by 6.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,822 shares of the semiconductor company’s stock worth $3,140,000 after acquiring an additional 232 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in shares of Monolithic Power Systems by 53.3% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 1,380 shares of the semiconductor company’s stock worth $1,134,000 after acquiring an additional 480 shares during the last quarter. E Fund Management Co. Ltd. grew its position in shares of Monolithic Power Systems by 41.9% during the 2nd quarter. E Fund Management Co. Ltd. now owns 562 shares of the semiconductor company’s stock valued at $462,000 after acquiring an additional 166 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Monolithic Power Systems by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 151,406 shares of the semiconductor company’s stock worth $124,405,000 after purchasing an additional 2,599 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares of the company’s stock, valued at approximately $55,769,247.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $904.20, for a total transaction of $2,260,500.00. Following the sale, the chief financial officer now directly owns 61,678 shares in the company, valued at approximately $55,769,247.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Hsing sold 2,672 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $804.57, for a total transaction of $2,149,811.04. Following the completion of the transaction, the chief executive officer now directly owns 877,736 shares of the company’s stock, valued at approximately $706,200,053.52. The disclosure for this sale can be found here. Insiders sold 98,299 shares of company stock worth $83,140,933 in the last quarter. 3.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MPWR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Monolithic Power Systems from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC boosted their price objective on Monolithic Power Systems from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Rosenblatt Securities raised their target price on shares of Monolithic Power Systems from $800.00 to $880.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Truist Financial lifted their price target on shares of Monolithic Power Systems from $799.00 to $918.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, KeyCorp raised their price objective on shares of Monolithic Power Systems from $975.00 to $1,075.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $912.30.

Monolithic Power Systems Stock Performance

Shares of NASDAQ:MPWR opened at $860.66 on Thursday. The firm has a market cap of $41.90 billion, a price-to-earnings ratio of 102.58, a P/E/G ratio of 4.14 and a beta of 1.12. The firm has a fifty day moving average price of $859.73 and a 200 day moving average price of $774.23. Monolithic Power Systems, Inc. has a fifty-two week low of $392.10 and a fifty-two week high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $3.17 EPS for the quarter, topping the consensus estimate of $3.07 by $0.10. The business had revenue of $507.40 million for the quarter, compared to analysts’ expectations of $490.66 million. Monolithic Power Systems had a net margin of 21.70% and a return on equity of 20.24%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. As a group, research analysts predict that Monolithic Power Systems, Inc. will post 10.41 earnings per share for the current year.

Monolithic Power Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.58%. The ex-dividend date is Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 59.59%.

Monolithic Power Systems Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.